The Allstate Corporation
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Range $226 – $319
Price Chart
About the company
The Allstate Corporation, along with its affiliated entities, provides a comprehensive suite of property, casualty, and other insurance offerings throughout the United States and Canada. The company's operations are structured across four primary business segments: Allstate Protection; Protection Services; Allstate Health and Benefits; and Run-off Property-Liability. The Allstate Protection segment delivers a wide array of personal and commercial insurance solutions.
- CEO
- Thomas Joseph Wilson
- IPO
- 1993
- Employees
- 53,150
- HQ
- Northbrook, IL, US
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Similar companies
Peers in the same neighborhood.
- Market Cap
- $65.52B
- P/E
- 5.02
- Fwd P/E
- 7.29
- PEG
- 0.04
- P/S
- 0.95
- P/B
- 1.93
- EV/EBITDA
- 4.07
- Div Yield
- 1.63%
- Gross Margin
- 42.16%
- Op Margin
- 24.83%
- Net Margin
- 19.24%
- ROE
- 43.13%
- ROIC
- 31.29%
Latest fiscal year · YoY change
- Revenue
- $66.46B+4.6%
- Gross Profit
- $22.09B+52.3%
- Op Income
- $13.16B
- Net Income
- $10.28B+120.3%
- EPS
- $38.68+124.6%
- OCF Growth
- +13.2%
- FCF Growth
- +13.3%
- 52W High
- $277.22
- 52W Low
- $188.08
- 50D MA
- $248.41
- 200D MA
- $218.37
- Beta
- 0.16
- RSI (14)
- 47
- Avg Volume
- 1.76M
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
Allstate reported strong Q2 results with higher revenues, sharply better Property-Liability margins, and continued capital return, while emphasizing technology-driven growth and disciplined underwriting.· August 5, 2026
- Total revenues rose to $18.6 billion, up 11.8% year over year; adjusted net income was $2.3 billion, or $8.99 per share.
- Property-Liability net premiums earned increased 4% to $14.9 billion, and the combined ratio improved 4.5 points to 86.6%.
- Net investment income increased 33.8% to $1 billion, helped by a larger portfolio, longer duration and performance-based income.
- New business momentum remained solid: auto issued applications rose 9.9%, auto policy growth was 2.8%, and homeowners growth was 2.9%.
- Allstate returned $1.3 billion to shareholders in the quarter, including $1 billion of common share repurchases, and ended with $9.5 billion of holding company deployable capital.
Allstate said total revenues were $18.6 billion, up 11.8% from Q2 2025. Net premiums written increased 2.6%, net premiums earned rose 4% to $14.9 billion, and net investment income grew 33.8% to $1 billion. Net income was $3.2 billion, adjusted net income was $2.3 billion or $8.99 per share, and first-half adjusted net income was $5.1 billion or $19.65 per share. The Property-Liability combined ratio improved 4.5 points to 86.6%, with the underlying combined ratio at 79.4%; auto was 83.3% and homeowners was 94.6%. For guidance, management did not provide formal quarterly or full-year earnings guidance, but said the company expects to keep growing profitably, maintain strong returns, and continue executing its $4 billion share repurchase authorization, of which $2.6 billion remained.
Tom Wilson framed the quarter as evidence that Allstate’s technology-driven strategy and operational excellence are working together. He emphasized that the company is using analytics, pricing sophistication, claims expertise and an orchestration layer built during transformative growth to support Agentic AI and the new Ally ecosystem. His tone was confident and optimistic, stressing that Allstate can keep growing while earning attractive returns rather than chasing a single target margin.
The CFO commentary focused on the quality of earnings, margin strength and capital deployment. Management highlighted that net investment income rose to $1 billion, the Property-Liability combined ratio improved to 86.6%, underwriting income reached $2 billion, and adjusted net income was $2.3 billion or $8.99 per share. They also said Allstate returned $1.3 billion to shareholders in the quarter, including $1 billion of buybacks, with $2.6 billion remaining under the $4 billion authorization, and reported holding company deployable capital of $9.5 billion, or about $37 per common share.
Analysts focused on whether the company’s technology investment can be measured for ROI, how much of the legacy stack can eventually be retired, and how Allstate protects data when using large language models. Management said AI is an extension of its long-standing technology and analytics approach, that costs are not a barrier to investment, that the company is moving toward its connected customer cloud but does not need to eliminate all legacy systems, and that it uses internal LLMs rather than public models. Questions also centered on auto competitive intensity, severity trends, capital allocation, reserve releases and the pace of growth in homeowners; management responded that retention is stable, the competitive environment is balanced across channels, catastrophe and reserve management remain disciplined, and the company sees room to keep growing profitably without targeting a specific combined ratio.
The bull case from the call is that Allstate is growing policies and new business while keeping underwriting margins well ahead of industry levels. Management pointed to strong reserve releases, stable retention, continued share repurchases and $9.5 billion of deployable capital, suggesting flexibility to invest, buy back stock and pursue acquisitions.
The main risks discussed were ongoing auto severity pressure, competitive intensity in certain segments, and uncertainty around how long favorable reserve development can continue. Management also noted higher expense ratio pressure from advertising and nonrecurring legal costs, and said it is too early to quantify the financial payoff from Ally/Agentic AI or to assume future reserve releases will repeat.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 99.4%
- Shares Outstanding
- 257.42M
- Float Shares
- 255.85M
of shares held by institutions
1,733 13F filers
Buy/sell ratio 0.67. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Congressional trading
Senate and House stock disclosures for ALL, newest first.
| Member | Type | Traded | |
|---|---|---|---|
| Ro KhannaHouse · CA17 | Buy | May 1, 26 | Filing → |
| Julie JohnsonHouse · TX32 | Sell | Apr 7, 25 | Filing → |
| Ro KhannaHouse · CA17 | Sell | Nov 22, 24 | Filing → |
| Ro KhannaHouse · CA17 | Sell | Oct 15, 24 | Filing → |
| Ro KhannaHouse · CA17 | Sell | Oct 23, 24 | Filing → |
| Ro KhannaHouse · CA17 | Sell | Sep 9, 24 | Filing → |
| Ro KhannaHouse · CA17 | Sell | Sep 9, 24 | Filing → |
| Ro KhannaHouse · CA17 | Sell | Sep 9, 24 | Filing → |
| Jared MoskowitzHouse · FL23 | Sell | Jul 5, 24 | Filing → |
| Michael McCaulHouse · TX10 | Sell | Jan 10, 24 | Filing → |
| Michael McCaulHouse · TX10 | Sell | Jan 19, 24 | Filing → |
| Michael McCaulHouse · TX10 | Sell | Jan 19, 24 | Filing → |
| Michael McCaulHouse · TX10 | Sell | Jan 10, 24 | Filing → |
| Ro KhannaHouse · CA17 | Buy | Sep 6, 23 | Filing → |
Source: public STOCK Act disclosures. Filed weeks after the trade — a lagging signal, not a real-time one.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Vanguard Group Inc | 33.22M | ▲ 79.79K |
| Blackrock, Inc. | 22.86M | ▲ 971.48K |
| Vanguard Capital Management LLC | 16.81M | ▼ 69.04K |
| State Street Corp | 12.51M | ▲ 250.46K |
| Franklin Resources Inc | 8.70M | ▲ 673.69K |
| Geode Capital Management, LLC | 8.16M | ▲ 900.55K |
| Price T Rowe Associates Inc | 7.93M | ▼ 2.88M |
| Bank Of America Corp | 5.93M | ▼ 1.99M |
| Gqg Partners LLC | 5.24M | ▼ 526.23K |
| Deutsche Bank AG\ | 4.24M | ▲ 1.32M |
| Morgan Stanley | 3.67M | ▼ 71.02K |
| Invesco Ltd. | 3.60M | ▲ 231.49K |
Held by 1,595 ETFs
Biggest fund positions in ALL by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Aug 3, 26 | LOWN CHRISTIAN M. | other | 0 |
| Aug 11, 26 | Rizzo Mario | other | 56,225 |
| Aug 11, 26 | Rizzo Mario | sell | 43,398 |
| Aug 11, 26 | Rizzo Mario | sell | 12,827 |
| Aug 11, 26 | Rizzo Mario | other | 56,225 |
| Aug 7, 26 | Dugenske John E | sell | 3,378 |
| Aug 7, 26 | Dugenske John E | sell | 3,901 |
| Aug 7, 26 | Dugenske John E | sell | 25,717 |
| Jul 1, 26 | KEANE MARGARET M | other | 138 |
| Jul 1, 26 | TRAQUINA PERRY M | other | 169 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our ALL coverage
Recent articles, reports, and earnings notes.

A quiet hurricane season is not a safe insurance trade
Forecasts for a below-average 2026 Atlantic hurricane season may make insurers look like easy buys, but storm counts say little about where losses will land. The stronger trade is in carriers with pricing power, disciplined underwriting, and balance sheets built to absorb a bad season.

Insurance Stocks That Reward Quality: 7 August 2026 Picks
Seven insurance stocks are ranked by investment quality, with Allstate, Progressive, Hartford, Cincinnati Financial and CNO offering distinct risk-and-return profiles.

A quiet hurricane season no longer makes insurers a clean climate trade
A quieter hurricane season may reduce near-term catastrophe claims, but rising property values, population growth, and repair costs are making every major event more expensive. The better insurance trade is pricing power and exposure discipline, not a seasonal forecast.
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